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Etsy is selling Depop, a secondhand clothing app popular with Gen Z and millennials, to eBay for $1.2 billion in cash, the company announced on Wednesday. Etsy says the deal will allow it to focus on its own marketplace. The deal comes nearly five years after Etsy acquired Depop for $1.62 billion, at a time…
OpenAI announced it has acquired a tiny startup called Torch for an undisclosed sum. An unnamed sourced told The Information that OpenAI paid $100 million worth of equity for the startup. Torch’s four-person team is joining OpenAI, both companies said. Torch was working on an app that combined all of a person’s medical information for…
Nvidia has struck a non-exclusive licensing agreement with AI chip competitor Groq. As part of the deal, Nvidia will hire Groq founder Jonathan Ross, president Sunny Madra, and other employees. CNBC reported that Nvidia is acquiring assets from Groq for $20 billion; Nvidia told TechCrunch that this is not an acquisition of the company and…
The video game company Electronic Arts is nearing a $50 billion sale to a group of investors including Silver Lake and Saudi Arabia’s Public Investment Fund, according to a report from The Wall Street Journal. EA is best known for its annual sports titles in franchises like Madden NFL, FIFA, and NBA Live, as well…
Productivity software giant Atlassian is making its largest acquisition yet to add a developer productivity tool to its product suite. Atlassian announced Thursday it has agreed to acquire the developer productivity insight platform DX for $1 billion in cash and restricted stock. Enterprises use DX to analyze how productive their engineering teams are and identify bottlenecks slowing them down. DX was launched five years ago by Abi Noda…
Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI. WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in…
Rocket Lab is signaling to investors, yet again, that it’s more than “just” a rocket company. Rocket Lab’s second-quarter results, which were posted Thursday, show revenues continue to be driven by its space systems business rather than launch. The results also highlighted the company’s acquisition strategy and how its purchase of a new optical payloads…
Electric air taxi developer Joby Aviation has agreed to buy Blade Air Mobility’s helicopter ride-share business for as much as $125 million. Joby is buying the Blade brand and the company’s passenger business, which includes operations in the United States and Europe. Blade founder and CEO Rob Wiesenthal will continue to lead the business, which…
Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto’s entrance into the identity security space, according to a company press release. Palo Alto has been on a shopping spree since Nikesh Arora…
Snap has acquired Saturn, a calendar app that helps students manage their school schedules and share them with others, the company confirmed to TechCrunch on Friday. The financial terms of the deal were not disclosed. Saturn will continue to operate as a standalone app. The news was first reported by Engadget. Snap says almost the…